1/2/04
Chicago Transit Authority rail customers now have access to Automated Teller Machines (ATMs) conveniently located at 11 rail stations. The machines provide a convenient venue for customers to access their banks during their daily commutes.
The ATMs are located at seven Red Line stations: 95th/Dan Ryan, Fullerton, Sox-35th, Roosevelt/State, Clark/Division, Addison and Jarvis. They also are available at Midway station on the Orange Line, Ashland on the Green Line, and O'Hare and Monroe on the Blue Line. The ATMs are outside of the fare payment area of the stations so individuals not using the CTA also have access to them.
?The ATM agreement benefits our customers and the CTA," said CTA President Frank Kruesi. ?The convenience of ATM machines is one type of amenity that makes a difference as customers are making their daily travel decisions. Knowing an ATM is in a particular station, may influence customers to use CTA instead of another travel option."
?The CTA is continually looking for ways to increase revenue, while adding convenience for our customers," said Chicago Transit Board Chairman Carole L. Brown. ?Installing ATMs at several stations throughout our system helps CTA accomplish both."
The ATM contract will generate a minimum of $144,300 annually in additional revenue for the CTA during the first three years of the contract, as well as provide for two one-year extensions. In addition to the minimum payment, Bank One will pay the CTA a percentage of the ATM user fees collected at the stations. The first ATMs to be installed became operational during the week of November 17 and generated $13,156.70 in revenue for CTA through the month of November.
The new ATMs resulted from an agreement with Bank One Corporation to furnish, install, replenish, operate, and maintain the ATMs. The contract was approved in August following a competitive bidding process.
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